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MSI: Dry Bulk Market Heading Into a Firm Festive Season

After a steady fall in average daily TCE spot earnings in October, November saw an inflection point for Capesizes as the dry bulk market is sailing into a firm festive season, swiftly followed by a New Year comedown, according to research and consultancy firm Maritime Strategies International (MSI). With rates soaring to over USD 16,000 per day, the Capesizes saw their highest rates since mid-2015. Some of this strength has translated to the Panamax market, although Supramax and Handysize earnings have been broadly unaffected. A basket of key commodity prices, including iron ore, coking and steam coal, have surged in recent weeks, with falls in domestic supplies in China a key driver. This trend is forecast to continue through the fourth quarter but weaker iron ore and coal trade will impact Capesize and Panamax demand in the near term. “The Capesize market is demonstrating what might be termed ‘frothy’ characteristics with patches of strong chartering despite wea

How to carry bulk cargoes safely?

When bulk cargoes shift, liquefy, catch fire or explode due to poor loading procedures, the consequences can be critical – ships could capsize, lose stability or sustain severe structural damage. Occasioned by this kind of incidents the UK P&I Club has offered some good advice regarding the safe carrying of bulk cargoes. According to the Club, precautions need to be taken before accepting solid bulk cargoes for shipment. Crew members have to be warned of possible liquefaction properties of bauxite (which was considered until recently a cargo not liable to liquefaction) as well as be advised on the issue of cargo residues deemed harmful to the marine environment; the changes to the IMSBC Code’s structure; and SOLAS mandatory enclosed space entry and rescue drills. IMO Resolution MSC.393(95) introduced amendments (03-15) to the International Maritime Solid Bulk Cargoes (IMSBC) Code enter into force on 1 January, 2017, and could be implemented voluntarily from 1 January, 2016. “
Improving your ships and operations is the key driving force of our business. It is a goal stemming from a special dedication to our work and a deep understanding of our customers' needs. We have achieved five important competitive advantages, leading to a more efficient and profitable ship operation. We provide the widest range of services, including initiatives exclusively found at SMM (UK) Ltd.. We make sure that our products stay up to date and of superior quality. We develop innovative products based on the latest marine and information technology. We have a superior infrastructure to better serve our customers. We develop and maintain a relationship with our customer based on trust and loyalty.             Our Purpose Improvement with excellence of your ships and operations based on Multiyear Experience and Commitment. Our Vision To materialize “Fair Winds and Following Seas” for the global shipping industry via friendly, innovative a

S.A. MALLIAROUDAKIS MARITIME (UK) LTD. - COMPANY PROFILE

Kindly note that we are a London based Marine Software Company with a subsidiary production facility in Piraeus since 1986 , with clients almost all the Greek shipping companies and many others from the rest E.U., U.S.A. and Asia.   Our objective is to develop initiatives that focus on facilitating everyday ship management and operation materializing into user friendly, innovative and reliable software-products that assist our customers in their day-to-day work. Potentially, some of your crew member may be well aware of our software products that were trusted by almost 3,350 vessels, an achievement, which proves the quality of our work over time. The perpetual production of software-products throughout these years were proved of assistance in the demanding day-to-day operations of numerous shipping companies, constituting the brand name of our company along with our products highly recognizable worldwide. Hereby, w

Canada to Implement Northern B.C. Tanker Ban This Year -Report

TORONTO, Nov 4 (Reuters) – Canada’s Liberal government will this year deliver on its pledge for a moratorium on oil tanker traffic along the northern coast of British Columbia, CBC News reported on Friday. Transport Minister Marc Garneau confirmed the plan in an interview with CBC Radio’s “The House,” the broadcaster said on its website. Canadian Prime Minister Justin Trudeau last year instructed Garneau to formalize the ban on oil tanker traffic, effectively slamming the door on a pipeline project that was already facing massive development hurdles. The ban is one of several obstacles to the building of Enbridge Inc’s Northern Gateway pipeline, which would carry oil sands crude from near Edmonton, Alberta, to a deepwater port at Kitimat, British Columbia, for export to Asian markets. Separately, Garneau said the government was looking at a recommendation that it privatize airports, but that “it’s not a front-burner exercise” and people should not jump to an

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